Main Street Registry

Best Western Plus

Cary, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western Plus is located in Cary, NC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on July 24, 2025.

SBA 7(a) loan, change of ownership, approved Jul 24, 2025

Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
July 24, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in North Carolina